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The government attributed the lacklustre response to the bond offering to investors preferring to put their money into the Hong Kong initial public offering market. Photo: May Tse

Hong Kong US$2.7 billion infrastructure bond offering is undersubscribed

The offering sees underwhelming investor demand, missing expectations.

7 Dec 2024 - 1:23AM

Greater Bay Area

Hong Kong-Shenzhen integration could spur capital flows, innovation: expert

6 Dec 2024 - 11:19PM

Digital currencies

Hong Kong to introduce stablecoin bill to regulate virtual token

6 Dec 2024 - 7:45PMvideocam

Hong Kong society

Letters | Pet-friendly bus route should prompt owners to obey rules

Readers discuss responsible pet ownership, the benefits of easing the path to tax residency in Hong Kong, and Russia’s rationale for attacking Ukraine.

6 Dec 2024 - 11:30AM

A person walks with their dog in West Kowloon on November 20. Photo: Dickson Lee

The View | Trump could upend the US economy just as China is recovering

Trump’s economic strategy could change narratives not only about US markets but Chinese ones as well.

6 Dec 2024 - 5:55AM

China had nearly 100 fewer billionaires in 2024, UBS says

In Hong Kong, the billionaire tally rose to 74 from 68.

5 Dec 2024 - 8:23PM

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Hong Kong economy

Hong Kong firms plan hiring sprees as economy perks up in 2025: survey

Most executives expect revenue growth next year, and hiring intentions are at a four-year high, CPA Australia report says.

5 Dec 2024 - 6:08PM

People cross a road in Central on August 17, 2023. Photo: Jelly Tse

China's economic recovery

Vice-premier tells Goldman Sachs president investment will boost ties

He Lifeng has met top executives from at least five multinational companies in the past month.

5 Dec 2024 - 4:25PMvideocam

How a brazen nickel scam allegedly ensnared some of Singapore’s brightest

Ng Yu Zhi stands trial for allegedly orchestrating Singapore’s largest Ponzi scheme that defrauded nearly 1,000 investors.

5 Dec 2024 - 11:02AM

Hong Kong stock market

ESR shares rally on US$7.1 billion take-private offer from founders, funds

Consortium offers HK$13 per share to take ESR private, or a stock swap with an offshore entity in a bid to refocus its business.

5 Dec 2024 - 5:05PM

Privatisation bid aimed at reshaping its business in Asia-Pacific and optimising its balance sheet, consortiium says. Photo: Handout

Editorial | Hong Kong drug trials institute a healthy step forward

City closes in on fulfilling its ambition to be medical hub with its own approval authority for drugs and vaccines at cross-border tech zone.

5 Dec 2024 - 6:15AM

Hong Kong has remained dependent on overseas testing regimes for assurance of the safety and efficacy of new drugs and vaccines before approval by regulators. Photo: AP

Hong Kong needs to grow insurance talent to compete with Singapore, Dubai: CEOs

Lawrence Lam, Hong Kong CEO at Prudential, says data analysts have become more important than ever in the industry.

4 Dec 2024 - 9:18PM

Hong Kong Monetary Authority (HKMA)

HKMA offers special policies to help those who bought at property market’s peak

One-off scheme increases loan-to-value ratio of mortgage loans to 80 per cent for those who bought unfinished properties from 2021 to 2023.

4 Dec 2024 - 8:25PM

Wealth management

StanChart to hire more wealth managers in Hong Kong, Singapore by 2028

The UK lender is banking on winning new clients with more than US$10 million of assets in target markets.

4 Dec 2024 - 4:30PMvideocam

Hong Kong economy

Letters | Rest and recovery will help Hong Kong compete at top level again

Readers discuss misplaced pessimism over the city’s difficulties, the challenge of an ageing labour force, faith in our economic fundamentals, and equal marriage rights.

4 Dec 2024 - 11:30AM

A Star Ferry sails along Hong Kong’s Victoria Harbour on November 26. Photo: AFP

Mergers & Acquisitions

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

4 Dec 2024 - 12:27PM

Hong Kong Monetary Authority (HKMA)

Hongkongers to get ‘Money Safe’ to protect bank funds from fraud

Additional verification procedures will be necessary to transfer locked-up funds when banks roll out the optional tool next year.

3 Dec 2024 - 6:05PM

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China’s economic stimulus

‘Supportive’ monetary policy pledged in glimpse of China’s 2025 economic plan

People’s Bank of China governor Pan Gongsheng pledges to ensure adequate liquidity and lower overall financing costs for businesses and households.

3 Dec 2024 - 1:10PM

A woman walks past the headquarters of the People’s Bank of China in Beijing. Photo: Reuters

Opinion | Southeast Asia’s energy transition is lacking both finance and policy

The bulk of funds needed will have to come from private finance, which requires a conducive environment that regulatory policy can create.

3 Dec 2024 - 5:40AMvideocam

Hong Kong government invests in 80 start-ups as war chest swells

Flush with proceeds from the city’s successful investment-migration scheme, HKIC puts money in local, mainland and overseas start-ups.

2 Dec 2024 - 6:30PM

C-beauty brand Mao Geping to debut in Hong Kong with US$270 million IPO

Namesake founder rose to prominence as a make-up artist who helped Liu Xiaoqing play an empress who aged from 15 to 80 years in a TV drama.

2 Dec 2024 - 3:25PM

Mao Geping will be the first Chinese beauty brands to list on the Hong Kong stock exchange. Photo: Weibo/ Mao Geping

Exclusive | Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Healthcare platform plans to submit IPO application by end-December and complete fundraising of as much as US$500 million by June.

2 Dec 2024 - 2:54PM

WeDoctor is a Hangzhou-based online healthcare platform. Photo: Handout

Exclusive | French bank Credit Agricole CIB backs Hong Kong as Asian hub amid trade war

Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.

2 Dec 2024 - 9:38AMvideocam

China’s digital yuan roared out of the gate, but stumbling blocks have popped up

Corruption and a slow adoption of the e-CNY risk undermining the groundbreaking progress that China’s digital currency has made over the past decade.

1 Dec 2024 - 9:00AMvideocam

Opinion | An America awash in global capital risks spreading financial instability

Free capital flows accelerate economic growth but can also be destabilising, spreading jitters via financial markets.

30 Nov 2024 - 4:30PMvideocam

Traders work on the floor of the New York Stock Exchange on November 7, a day after the S&P 500 and Nasdaq Composite closed at all-time highs. Photo: Getty Images via AFP

Sunac sells stake in Harbin Ice and Snow World Park for US$138 million

The divestment comes amid Sunac’s efforts to restructure about US$2 billion in onshore debt.

30 Nov 2024 - 1:09PM

A Sunac China Holdings subsidiary has sold its 46.7 per cent equity interest in Harbin Ice and Snow World Park. Photo: Shutterstock

China's economic recovery

Stimulus perplexity: why Beijing, foreign investors can’t see eye to eye

It’s been a tumultuous two months since Beijing fired off a salvo to shore up China’s economy, and divergent perceptions show not everyone is on the same page.

30 Nov 2024 - 6:41AMvideocam

Sri Lanka’s new government faces backlash over IMF debt repayment plan

President Dissanayake has chosen to continue with the current IMF programme, raising concerns about its impact on economic growth and relief for the population.

30 Nov 2024 - 7:53AMvideocam

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Banking & finance

News about the global financial industry with a focus on developments in Hong Kong and China.

last updated:

19 September, 2024

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